Great to see Atlas board delivering on promises and releasing the Corunna Downs DFS when expected.
Few updates to my previous production numbers such as:
- C1 Cash costs reduction by around $5 than forecast which adds around $16-$19mil free cash flow per quarter.
- I have increased quarterly production numbers based on ramping up to 5mtpa as opposed to 4mtpa.
- Increase in Cap Expenditure to develop CD by $3mil but not this includes contingency so can come in less.
Also included methods which may further reduce their C1 cash costs which is positive. If IO price is higher than my predicted $70 (
@Haplo thanks for your daily updates) then we could be anywhere.
This has all the makings of a massive turnaround story. Patience and a steady IO price is the key here.
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